According to the U.S. FBI, losses from cryptocurrency fraud and scams surged by 45% in 2023 compared to the previous year, exceeding $5.6 billion. Scammers have increasingly exploited the rapid and irreversible nature of digital asset transactions.
Breaking: #Ethereum Foundation and Vitalik Buterin Selling Off #ETH🔥🔥🔥🔥 , Causing Price Dip
Ethereum wallets associated with Vitalik Buterin and the Ethereum Foundation have begun selling ETH, leading to significant selling pressure in the market.
The price of ETH has fallen below $2,300 and could decline further.
#Ethereum , the second-largest #cryptocurrency by market capitalization, is currently down 50% from its all-time high reached in 2021.
Some analysts suggest that Ethereum's lack of interoperability is a key factor behind its price decline and its failure to reach previous highs. Additionally, recent observations indicate that Ethereum's whales have stopped accumulating the asset, which raises concerns about its long-term potential.
BBVA's institutional and private banking clients in Switzerland now have the ability to manage the stablecoin USD Coin ($USDC ) alongside traditional investments on the same platform, according to a press release dated September 9. This new feature enables clients to exchange, store, and convert USDC into euros, U.S. dollars, or other currencies, which helps speed up transaction processes.
The inclusion of USDC is designed to enhance efficiency for institutional clients, such as investment fund managers, who utilize stablecoins for trading cryptocurrencies across different exchanges, as stated in the press release.
💸😃😗😳😔 Since September 1st, three whales have accumulated 2,814 bitcoins worth $154 million. For every panic selling, there is someone buying cheap $BTC 🔥
The Pepe price has plummeted 7% in the last 24 hours to trade at $0.000006703 as of 6 p.m. EST on an 86% surge in trading volume to $1.14 billion. The slump made PEPE the biggest loser among the top 100 cryptos by market capitalization, according to data from Crypto Bubbles.
Dogecoin, Maker and Ethereum were the next biggest losers, with drops of 6.9%, 6.8%, and 6.6%, respectively.